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Andreas,
On Wed, 6 Feb 2002 21:49:26 +0100, you wrote:
>for the RSI calculation I use the VB routine below. It's a Wilder's smoothed
>percentage of Up-days vs. Down-days. Achelis says in his book "Technical
>Analysis from A to Z" that "The RSI is a fairly simple formula, but
>difficult to explain without pages of examples. Refer to Wilder's book for
>additional calculation information. The basic formula is:
>
>100 - ( 100 / (1 + (U/D))) Where: U = An average of upward price change, D
>= An average of downward price change."
>
>The result from a straightforward implementation of the above does not match
>the results from Metastock, so after a bit more research, I found that U and
>D had to be smoothed by Wilder's smoothing, which in fact is the quite the
>same as exponential smoothing.
>
>You can surely identify the relevant code and find another definition of Up
>and Down days using O-H-L.
>
>For your investigations, I have also included the VB code for the Relativ
>Momentum Index, Chandes Momentum Oscillator and some other studies on
>Momentum, Velocity and Acceleration.
>
>I would be interested in your findings. If you need more on this, just yell.
Thank you much again for your help! - I'll study the material you
provided, and hopefully come back with something like a "momentum
indicator using also o-h-l".
Thank you again,
mfg rudolf stricker
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